Jim Cramer weighs in on whether to buy Square’s stock

There is a difference between a broken stock and a broken company, and Square falls into the first category, CNBC’s Jim Cramer said Wednesday.

The fintech company’s stock, which had for years been one of the performers in the market, has been struggling mightily as of late. It’s fallen more than 20% since Aug. 1, when it was trading at $83 per share. It dropped below $60 on Wednesday.

“Square’s fundamentals are sound, so it’s a broken stock, not a broken company, which means you can absolutely buy this one into weakness,” Cramer said. “Worst case? It goes down some more and the stock gets even cheaper.”